House debates

Tuesday, 7 February 2023

Questions without Notice

Economy

2:03 pm

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

and before the election they acknowledged that that was an inevitable consequence of the Russian invasion of Ukraine placing pressure on supply chains and placing pressure on inflation globally.

But, when it comes to supply chains, of course, there's another measure that's before this parliament. The National Reconstruction Fund is something that is placing pressure on inflation—inflation being the result of our failure to build things here, to make things here, in Australia. Those opposite have turned the coalition back into the 'no-alition'! Not only do they want to bring Tony Abbott back onto their Senate benches but they also want to go back to the policies where they just said no to absolutely everything. The political party that told the car industry to leave is going to oppose a national reconstruction fund that the business community—the Australian Industry Group and others—is crying out for to make us more competitive, to grow our economy and to grow jobs. That is because they've learned absolutely nothing. The Leader of the Opposition this morning spoke about bad luck. Well, it wasn't bad luck to leave Australia with a trillion dollars of debt; it was a bad government. It wasn't bad luck that inflicted a decade of wage stagnation; it was bad policy—a deliberate policy from those opposite to undermine wages and to drive wages down as a key feature of their economic— (Time expired)

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